Xinquan shares reduces dependence on Tesla and expands other automotive customers

Xinquan shares is reducing its dependence on Tesla, and it is expected that Tesla will account for 21% of its business in 2023. The company plans to increase business volume by adding customers such as Ideal, Chery, and Geely, with the incremental revenue from these customers expected to be more than 1 billion yuan, 900 million yuan, and 500 million yuan respectively.